Commercial Real Estate Market in Morenci, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
13 active listings and 93 off-market properties in Morenci, MI.
Market Trends
Morenci, MI spans 60.5 square miles in Lenawee County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Morenci, MI runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Vacancy Rate % in Midwest region
Retail
Retail space in Morenci, MI asks $71/SF to buy. Vacancy runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Average Sale Price $/SF
Listings
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Morenci, MI runs 4.9% across the Midwest region in 2025, up from 4.4% in 2019. Nearly 1.6x the 2022 low of 3.1%.
Vacancy Rate % in Midwest region
Multifamily
Multifamily vacancy in Morenci, MI runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 71.7%
- Industrial 9.3%
- Open space 8%
- Agricultural 5.4%
- Commercial 3.3%
Largest Zones share of zoned land by district
Single Family Residential
Public And Open Space
General Industrial
Agriculture
Single Family Residential
Morenci, MI zones 1,343 acres across 11 districts. Commercial zoning covers 3.3% of zoned land, residential 71.7%, open space 8% and industrial 9.3%. The largest single district is Single Family Residential at 62.4%. For commercial buyers the practical constraint is that only 12.6% of land carries a commercial or industrial designation.
Single Family Residential (R-1)
ARTICLE V. - R-1 AND R-2, ONE-FAMILY RESIDENTIAL ZONING DISTRICTS. Footnotes: --- ( 3 ) --- Editor's note- Ord. No. 17-331, § 1(Exh. A), adopted September 25, 2017, repealed the former Art. IV, §§ 22-76-22-80, and enacted a new Art. V a
Market overview
Demographics & Economy
Morenci, MI has 3,909 residents in 1,608 households. Density runs 65 people per square mile. Median household income here is $60,982 and median gross rent $778 a month.
3,909
Population
1,608
Households
2.4
Avg Household Size
40
Median Age
12%
College-Educated
88%
High-School Grad
60.5 sq mi
ZIP Area
65
Density / Sq Mi
$60,982
Median Household Income
$32,056
Median Earnings
$778
Median Rent
$112,800
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Seneca | — | — |
| Fayette | — | — |
| Weston | — | — |
| Lyons | — | — |
Commercial property in Morenci, MI asks $950/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Morenci?
Commercial property in Morenci, MI asks an average of $950 per square foot. Retail carries the highest asking price at $71/SF.
What zoning applies to commercial property in Morenci?
Morenci, MI zones 1,343 acres across 11 districts, of which 3.3% is commercial and 9.3% industrial. The largest single district is Single Family Residential at 62.4% of zoned land. ARTICLE V. - R-1 AND R-2, ONE-FAMILY RESIDENTIAL ZONING DISTRICTS. Footnotes: --- ( 3 ) --- Editor's note- Ord. No. 17-331, § 1(Exh. A), adopted September 25, 2017, repealed the former Art. IV, §§ 22-76-22-80, and enacted a new Art. V a Residential zoning covers 71.7% and open space 8%.
Where does Realmo's Morenci market data come from?
Realmo compiles Morenci, MI figures from 2 recent recorded sales, 11 active sale listings, 2 active lease listings, 93 tracked off-market properties, the current Morenci zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 11 active for-sale and 2 active for-lease listings in Morenci, MI. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 1,343 zoned acres across 11 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at Midwest region level, retail vacancy is reported at Midwest region level and industrial vacancy is reported at Midwest region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
